This calculator from Eagleland Finance in Corsicana, Texas turns a merchant cash advance offer into total dollars collected, cost and estimated remittance days. Results are arithmetic, not offers. It also explains how a factor rate compares with a term loan rate.
Factor ratio calculator for Corsicana, TX insurance agencies
A factor ratio, or factor rate, is the multiplier in an advance contract. Total collected equals the advance times the factor; cost equals the total minus the advance. A 1.25 factor on $10,000 means $12,500 collected and $2,500 of cost.
For an insurance agency with few card payments, the provider may take a fixed daily debit instead of a holdback. Enter the daily debit as the holdback amount on a matching sales figure to see the timeline.
The factor is fixed at signing. Collecting the total over three months or over eight does not change the dollar cost, which is why a short timeline makes the same factor more expensive per month than a long one.
Term loan rate calculator in Corsicana, TX: what HVAC contractors compare
A term loan rate is an annual interest rate charged on a declining balance; a factor rate is a one-time multiplier. They cannot be compared directly. Turn both into total dollars over the same period, then compare.
An HVAC contractor holding both offers can run the advance here and the loan on the term loan page example, then set the two totals side by side.
MCA factor rate calculator: how it works for Corsicana, TX quick-service restaurants
- Enter the advance amount from the offer.
- Enter the factor, such as 1.3.
- Enter the holdback share, such as 10%.
- Enter average daily card sales from recent statements.
The calculator multiplies, subtracts and divides; it does not know the provider's fees, which should be added to the cost by hand.
Use recent card-processing statements for the daily sales figure, and average over at least three months so one strong or weak week does not skew the result. Count only the days the business is open, because remittances follow settlement days.
Factor rate loan calculator for retailers in Navarro County, TX
Some search for a "factor rate loan calculator", but a merchant cash advance is not a loan, and this tool does not compute interest. A retailer comparing an advance with a loan needs the loan's own payment schedule.
Retail trade counted 146 employer establishments in Navarro County, TX in 2023 (CBP 2023). For a card-heavy store, the result here shows how much of each day's sales go to the provider. See the merchant cash advance page for what to ask.
Worked example: a $24,000 advance at a Corsicana, TX lunch counter
Illustration only, not an offer. A Corsicana, TX lunch counter is offered $24,000 with a 1.28 factor and a 10% holdback. The total collected is $30,720, a cost of $6,720.
With $1,800 in average daily card sales, the holdback is $180 a day, and collection takes about 171 card-settlement days. Any fee taken from the funds raises the real cost further.
If daily sales fall to $1,350, the holdback drops to $135 and collection stretches to about 228 settlement days; the $6,720 cost stays the same. A fixed daily debit would not fall with sales, which is the main question to ask a provider.
By Eagleland Finance ยท Updated
